Puerto Rico economy slows, but local labor market, equities show resilience
June 10, 2025
Birling Capital’s May review highlights divergence between growth and sentiment. #NewsismyBusiness
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First BanCorp reports growth in Q3 driven by strong loan performance
October 24, 2024
The bank is also advancing its digital transformation efforts, with more than 60% of its customers now enrolled in digital platforms. #NewsismyBusiness
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First BanCorp. reports $76M in Q2 net income, opens $250M stock buyback
July 24, 2024
First BanCorp.’s board of directors approved a quarterly cash dividend of $0.16 per share on its outstanding common stock. #NewsismyBusiness
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Popular, First BanCorp and PepsiCo release sustainability reports
July 8, 2024
The reports highlight achievements and ongoing commitments to environmental and social initiatives. #NewsismyBusiness
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First BanCorp announces $225M stock repurchase, quarterly cash dividend
July 25, 2023
First BanCorp. will release second quarter results later this week. #NewsismyBusiness
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First BanCorp, Popular Inc. release corporate sustainability reports
June 27, 2023
The banks detailed their efforts to positively impact their employees, customers and communities. #NewsismyBusiness
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First BanCorp. reports $74.6M in 3Q22 net income, steady vs. 3Q21
October 26, 2022
The financial institution will mark its 74th anniversary this week.
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First BanCorp. reports net income of $74.7M for 2Q22
July 25, 2022
The bank reported growth in several segments.
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FirstBank CEO: ‘It’s Puerto Rico’s time to achieve economic growth’
April 29, 2022
First quarter results included $11.3 million in merger and restructuring in connection the bank's acquisition of Banco Santander.
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First BanCorp. reports $281M in net income in ’21, vs. $102M in ’20
January 27, 2022
First BanCorp., parent company of First Bank, reported net income of $281 million for the year ended Dec. 31, 2021, compared to $102.3 million for the year ended Dec. 31, 2020. In an interview with News is my Business, First BanCorp. CEO Aurelio Alemán attributed the growth to the completion of the acquisition of Banco […]
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First BanCorp. reports $75.7M in 3Q21 net income
October 26, 2021
First BanCorp., FirstBank Puerto Rico’s parent company, reported net income of $75.7 million, or $0.36 per diluted share, for the third quarter of 2021, compared to $70.6 million, or $0.33 per diluted share, for the second quarter of 2021, and $28.6 million, or $0.13 per diluted share, for the third quarter of 2020. Financial results […]
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First BanCorp. reports $70.6M in net income, up 231% Y-O-Y
July 26, 2021
First BanCorp, the parent company of FirstBank Puerto Rico, reported net income of $70.6 million, or $0.33 per diluted share, for the second quarter of 2021, up 231% from the $21.3 million, or $0.09 per diluted share on record for the same year-ago quarter. The quarter includes a net benefit of $26.2 million recorded to […]
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Fitch Ratings upgrades First BanCorp to ‘BB;’ assigns stable outlook
June 25, 2021
Fitch Ratings announced it has upgraded First BanCorp’s (FBP) Long-Term Issuer Default Rating to ‘BB’ from ‘B+,’ with a stable outlook. “The upgrade primarily reflects Fitch’s review of FBP’s blended operating environment score as well as the resiliency of FBP’s financial profile despite the significant challenges in Puerto Rico’s operating environment over the past several […]
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First BanCorp reports $58.9M in Y-O-Y net income growth during 1Q21
April 27, 2021
First BanCorp., the parent company of FirstBank Puerto Rico, reported net income of $61.2 million, or $0.28 per diluted share, for the first quarter of 2021, compared to $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020, and $2.3 million, or $0.01 per diluted share, for the first quarter of 2020. […]
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First Bancorp reports $50.1M in 4Q20, up 38% YoY
February 1, 2021
First Bancorp, parent company for FirstBank Puerto Rico reported net income of $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020, up 38% from the $36.4 million, or $0.16 per diluted share, reported for the fourth quarter of 2019. Financial results for the fourth quarter of 2020 reflected First Bancorp’s closing […]
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